Globe Civil Projects IPO Subscribed 46.92 Times on Final Day; Strong GMP Hints at 24% Listing Pop on Debut

The Globe Civil Projects IPO saw an overwhelming response from investors, getting subscribed 46.92 times by the final bidding day on June 26, 2025.According to the NSE data as of 2:04 PM on Day 3, the IPO was subscribed to 38.03 times in the retail category, 29.22 times in the Qualified Institutional Buyers segment and 91.25 times in the Non-Institutional Investors category.

Globe Civil Projects IPO GMP Today

As of the latest update at 1:02 PM on June 26, the Globe Civil Projects IPO grey market premium stands at Rs.17. With the IPO price band fixed at Rs 71 per share, the estimated listing price could be around Rs 88, indicating a potential listing gain of 23.94% for investors betting on early upside.

IPO Details: Price, Dates & Investment

The Globe Civil Projects IPO opened for subscription on June 24, 2025, and closed on June 26, 2025. The Rs. 119 crore issue comprises a fresh issue of 1.68 crore shares with a fixed price band of Rs. 71 per share. The company raised Rs. 35.70 crore from anchor investors ahead of the main issue.

For retail investors, the minimum lot size is 211 shares, translating to an investment of Rs. 14,137. However, to improve allotment chances amid strong demand, applying at the cutoff amount of Rs. 14,981 is advised.

The IPO allotment date is expected to be on tomorrow, June 27, while the listing is tentatively scheduled next week July 1st on both BSE and NSE.

Should You Subscribe?

Given the strong investor interest and a healthy GMP, market experts believe that Globe Civil Projects IPO may deliver decent listing gains.

Kunvarji Wealth Solutions, in its brokerage note, said, "We recommend subscribing to this IPO with a long-term view as the issue appears reasonably priced. The company is involved in construction and infrastructure projects, including specialised structures, and works with the government on projects. The company's headline numbers show consistent growth with a growing order book."

Canara Bank Securities has given a neutral recommendation for the IPO, stating, "The company has demonstrated steady financial growth with EBITDA margin increasing from 7.99% in FY 22 to 13.34% in FY 24, and PAT margin has also grown from 1.82% to 4.63%. The issue is fairly priced at about 20X PE at the upper band, considering FY 24 financials, with the average of competitors being the same; on the other hand, it's 4X PB, which is slightly higher than the competitors average at 3X PB."

About Globe Civil Projects Limited

Globe Civil Projects Limited, incorporated in 2002, is an integrated Engineering, Procurement, and Construction (EPC) company based in New Delhi. It has a strong track record, having completed 37 projects across 11 states, including Uttar Pradesh, Maharashtra, Karnataka, Gujarat, and Delhi.

As of August 31, 2024, the company is executing 12 ongoing projects, of which five are in the social and commercial sectors. The firm boasts an order book of ₹8,929.45 million, covering 14 projects.